https://www.taxtmi.com/caselaws?id=23453 The court allowed all three petitions, quashing the notices issued under section 148 of the Income-tax Act. It held that the notices were without jurisdiction as they lacked reasons for income escapement belief and the petitioner had disclosed all material facts. The court ruled that having common partners and similar business activities did not establish firms as an association of persons. Moreover, the absence of action under section 186 invalidated treating the firms as such. No costs were awarded, and any security deposit was to be returned to the petitioner. en-us Mon, 29 Jan 1990 00:00:00 +0530 Sat, 19 Dec 2009 13:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23453 The court allowed all three petitions, quashing the notices issued under section 148 of the Income-tax Act. It held that the notices were without jurisdiction as they lacked reasons for income escapement belief and the petitioner had disclosed all material facts. The court ruled that having common partners and similar business activities did not establish firms as an association of persons. Moreover, the absence of action under section 186 invalidated treating the firms as such. No costs were awarded, and any security deposit was to be returned to the petitioner. Case-Laws Income Tax Mon, 29 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23453